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Develop a forecast for years 2 through 12 using exponential smoothing with ? = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the naive forecast. Based on a visual inspection, which forecast is better?
Daniel Tracy, owner of Martin Manufacturing, must expand by building a new factory. The search for a location for this factory has been narrowed to four sites: A, B, C and D. The f
Question: A bank has a section of its business which has two functions:- 1. answering credit control queries from customers both by telephone and in writing; 2. invest
A production line at A's machine shop has three stations. The first station can process a unit in 10 minutes. The second station has two identical machines, each of which can proce
Garden Variety Flower Shop uses 740 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs a
explain facility location
Howard Weiss, Inc., is considering building a sensitive new airport scanning device.His managers believe that there is a probability of 0.40 that the ATR Co. will come out with a c
Long term Capacity Reduction Capacity planning does not necessarily mean the expansion of the capacity. It may also mean reduction of the capacity which may be done in the fol
What kind of router could connect network segments that use cat5 utp with other segments that use fibre optic cable? A. Modular router B. Translational router C. Bridge ro
linear simplex methode
General Model of the Operations Function This figure illustrates the basic concept of the operations function. Firstly inputs are transformed (converted) to outputs with the m
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